Rice exports to the Philippines increased sharply both in volume and value
Data from the Department of Agricultural Product Processing and Market Development (Ministry of Agriculture and Rural Development) shows that the rice export volume in October 2019 is estimated at nearly 500,000 tons with a value of US $ 228 million.
Cumulative rice exports in the first 10 months of 2019 were estimated at 5.56 million tons and US $ 2.43 billion, up more than 6% in volume but down more than 9% in value over the same period in 2018.
The average export price of rice in the first 9 months of 2019 reached 435.6 USD / ton, down 13.4% over the same period last year.
Notably, in terms of export markets, the Philippines ranked first with more than 35% market share, export turnover reached nearly 1.9 million tons, worth 773.8 million, nearly 3 times in volume. and 2.6 times in value compared to the first 9 months of 2018.
In addition, the markets with a strong increase in rice export value such as Xenegal increased by 297 times, Ivory Coast increased to 81.8%, Australia increased by nearly 70%, Hong Kong increased by 47% and Iraq increased by 32.7 %.
In the world market, the demand for Indian rice decreased due to customers' delay in buying even though the price was at a 4-month low, while tight supply caused Vietnam's rice price to stand at the highest level in the world. Last 2 months.
According to MARD, it seems the new demand for Thai rice will not come in the short term, even in the next month.
5% broken parboiled rice from 369 – 373 USD / ton to 368 – 372 USD / ton, then reduced back to 365 – 370 USD / ton.
Thai 5% broken rice from 396 – 417 USD / ton reduced to 395 – 400 USD / ton (FOB Bangkok). Meanwhile, 5% broken rice of Vietnam from 330 – 340 USD / ton to 350 USD / ton (FOB Saigon port).
Prices of rice and rice in the Mekong Delta have increased positively
According to the local price supply system, in An Giang, IR50404 rice increased by VND 500 / kg, from VND 4,300 / kg to VND 4,800 / kg, OM 5451 rice kept at VND 5,100 – 5,400 / kg; OM4218 rice increased by VND 200 / kg to VND 4,900 / kg; IR50404 rice at VND 10,000 / kg; High quality rice at 13,000 VND / kg; Jasmine rice fragrant rice at 14,000 VND / kg.
In Vinh Long, autumn-winter rice in Vung Liem district increased by VND 200 / kg to VND 4,300 / kg; IR50404 rice at VND 12,000 / kg; jasmine rice at 14,000 VND / kg.
In Kien Giang, IR50404 rice increased by VND 300 / kg to VND 5,300 / kg; OM 4218 rice increased by VND 300 / kg to VND 5,500 – 5,700 / kg; OM 6976 rice increased by VND 300 / kg to VND 5,600 – 5,800 / kg; Jasmine rice is stable at 5,800 – 6,000 VND / kg.
According to the Ministry of Agriculture and Rural Development, the price of rice and rice in the Mekong Delta region increased slightly in the past month due to the narrowing of the supply of commodity rice, with the majority of the Autumn-Winter rice area in the Mekong Delta region being harvested and consumed.
While recently, rice purchasing has been promoted by many small businesses and businesses to ensure the supply of goods for export orders, as well as for the domestic market in the last months of the year.
According to Economy and Consumption
